DGCA Cracks Down on Indian Airlines: Enhanced Surveillance for SpiceJet, Fines for Air India Express, and Akasa Air
The Directorate General of Civil Aviation (DGCA) has taken strict action against three Indian airlines: SpiceJet, Akasa Air, and Air India Express—citing concerns over customer experience and safety standards.
RBI Opens Door For Foreign Investors In IFSC To Invest In Sovereign Green Bonds
The Reserve Bank of India (RBI) has introduced a new scheme allowing foreign investors in the International Financial Services Centre (IFSC) to invest in sovereign green bonds.
Dr. Kamal Gupta Completed His Second Term As Independent Director Of HEG
Dr. Kamal Gupta has completed his second term as an Independent Director and consequently ceased to be a Director of HEG Limited w.e.f. August 29, 2024.
Davinder Singh Brar And Rajinder Pal Singh Conclude Tenure On Maruti Suzuki Board
The second term of Davinder Singh Brar and Rajinder Pal Singh as Independent Directors of Maruti Suzuki India Limited concluded on August 27, 2024.
Banking Veteran Alok Misra Resigns As Independent Director Of Mrs. Bectors Food
Alok Kumar Misra has resigned as an Independent Director of Mrs. Bectors Food Specialities Limited, effective August 27, 2024, due to pre-existing commitments and personal reasons.
Lt. Gen. Aditya Singh (Retd.) Concludes Tenure As Independent Director Of DLF
Lt. Gen. Aditya Singh (Retd.) has completed his second consecutive term of five years as an Independent Director of real estate major DLF Limited and, therefore, ceased to be a Director of the company effective August 28, 2024.
CCI Approved Viacom18 And Star India Merger
The Competition Commission of India has approved the merger of Viacom18 and Star India.
ICAI Raises Concerns Over NFRA’s Draft Norms on Auditing Standards, Citing Risks to Smaller Firms
The ICAI has raised concerns over the National Financial Reporting Authority’s (NFRA) draft norms aimed at overhauling Standard on Auditing 600, according to a report by ET.
RBI Recognises FACE As The First Self-Regulating Organisation In Fintech
The Reserve Bank of India (RBI) announced on August 28 that the Fintech Association for Consumer Empowerment (FACE) has become the first recognised Self-Regulating Organisation in the FinTech sector (SRO-FT).
Challa Srinivasalu Setty Takes the Helm as SBI Chairman, succeeding Dinesh Khara
Challa Srinivasalu Setty took over as Chairman of the State Bank of India (SBI) on August 28.